1st Edition

Cost-benefit Analysis With Reference to Environment and Ecology

By K. Puttaswamaiah Copyright 2001
    456 Pages
    by Routledge

    430 Pages
    by Routledge

    The world is increasingly concerned with bridging the developmental gap between the developed and developing countries. With the establishment of a number of institutions for funding the projects including the World Bank, Asian Development Bank, and many other agencies, the need to develop mechanisms to assess economically viable projects is more important than ever. The Social-Cost Benefit Analysis (SCBA) is an important technique used in formulating, appraising, and evaluating projects. It is a facet of applied welfare economics which is increasingly being used to identify and assess public projects in both developing and developed countries. This volume presents a comprehensive view of cost-benefit analysis in its theoretical and applied dimensions. Both theory and case studies are presented. The theoretical setting for Cost-Benefit Analysis is established by the first five chapters-"Spatial General Equilibrium and Cost-Benefit Analysis," by David M. Newbery; "Optimum Growth Theory and Social Time Preference: A Computerized Mathematical Modeling Exercise to Choose a Social Discount Rate," by Sardar M. N. Islam; "A Theoretical Inquiry of the Axiomatic Consistency of Distributional Weights used in Cost-Benefit Analysis," by Giuseppe Munda; "The Output Gap: Measurement, Related Concepts, and Policy Implications," by Parameswar Nandakumar; and "A Methodological Comparison of Theoretical Approaches in Dichotomous Choice Contingent Valuation," by John C. Whitehead. This book will be useful as a reference text by professors and students in project appraisal classes and will be of equal value to analysts, planners, and interested general readers.

    1. Spatial General Equilibrium and Cost-Benefit Analysis - 2. Optimum Growth Theory and Social Time Preference: A Computerised Mathematical Modelling Exercise to Choose a Social Discount Rate - 3. A Theoretical Inquiry on the Axiomatic Consistency of Distributional Weights Used in Cost-Benefit Analysis - 4. The Output Gap: Measurement, Related Concepts and Policy Implications - 5. A Methodological Comparison of Theoretical Approaches in Dichotomous Choice Contingent Valuation - 6. Cost-Benefit Analysis, Ethics and the Natural Environment 7. Transport Cost Analysis: Applications in Developed and Developing Countries - 8. Cost-Benefit Analysis and the Evaluation of New Technology and Policies in Natural Resources - 9. Cost-Benefit Analysis and the Environment: A Critical Assessment - 10. The Limits of Economic Rationality: Social and Environmental Impacts of Recreational Land Use - 11. Cost-Benefit Analysis and Wildlife Conservation: A Sustainable Application? 12. Cost-Benefit Analysis of Climate Change: Towards an Operational Decision Making Rule for Climate Change Policy - 13. The Effect of Social Time Preference on the Future of the Australian Economy and Environment: Findings from the Australian Dynamic Integrated Climate and Economy Mode (ADICE) - 14. An Economic and Environmental Assessment of Herbicide- Resistant and Insect/Pest-Resistant Crops - 15. Spatial Discounting and the Environment: An Empirical Investigation into Human Preferences - 16. The Free-Riding Behaviour in Culatra Island Case Study: Detection and Correction - 17. The Cost of Wealthy Modern Cities 18. Valuing Multiple Health Risks from Long-Term Low Dosage Exposure to Hazardous Chemicals - 19. Challenges and Pitfalls of Cost-Benefit Analysis in Environmental Issues -20. Challenges in Valuation: The Health Benefits of Reducing Air Pollutants – 21. The Implications of Ecological Economic Theories of Value to Cost-Benefit Analysis: Importance of Alternative Valuation for Developing Nations with Special Emphasis on Central America


    James H. Meisel (Author) , K. Puttaswamaiah (Author)